Listing Agency: Pinnacle Estate Properties P***@pinnacleestate.com Show Phone

Listed By: Erika Zepeda · License #01975140 Show Phone

Source: Exprealty

Added: Jun 4 Changed: Aug 21 Last Checked: Sep 5 at 1:04PM

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Investment Insights

Based on property information with market context.

This updated manufactured home is move-in ready and located within a quiet and quaint 55+ community. The interior features thoughtful updates throughout, including a newer roof for added peace of mind. The kitchen has been newly updated and designed as the heart of the home, offering a spacious layout for everyday living and entertaining.

The primary living spaces include a master suite described as a retreat, supporting a comfortable, low-maintenance lifestyle within the community setting.

Overall, the home presents as a turnkey option with key recent improvements, including the newer roof and refreshed kitchen, ready for immediate occupancy.

Key Highlights

• Move‑in ready manufactured home in a quiet 55+ community
• Newly updated, spacious kitchen
• Newer roof for added peace of mind

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$23,171

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

6.72%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$463,420 $463.4K

Cap Rate 7%

$331,014 $331.0K

Cap Rate 9%

$257,456 $257.5K

Market Conditions

NOI Build-Up for 1,440 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

Gross rent

$45.8K $31.80/SF

− Vacancy

−$3.7K −$2.54/SF

EGI

$42.1K $29.26/SF

− OpEx

−$19.0K −$13.17/SF

NOI

$23.2K $16.09/SF

Area

Los Angeles County, CA

Vacancy

8.00%

Lease Rate

$31.80 /SF/Yr

Expense Ratio

45.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$463,420

Cap Rate 7%

$331,014

Cap Rate 9%

$257,456

Alternative Uses

Best Use

Apartment 5plus

$331.0K

$289.6K – $386.2K (±1% cap)

NOI $23,171 @ 7.0% cap · market cap 6.72%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$771.0K

$674.6K – $899.5K (±1% cap)

NOI $53,968 @ 7.0% cap · market cap 15.64%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Mobile home & RV ...

Suggested Use

Top Pick Law Firm Furniture & Home Goods Carpet & Flooring Store Spa & Massage Center Gym & Fitness Center Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

356

Businesses Nearby

Explore this area Business Placement

Demographics for 91344, CA

52,481

Population

18,424

Households

2.8

Avg Household Size

43

Median Age

37%

College-Educated

88%

High-School Grad

14.5 sq mi

ZIP Area

3,619

Density / Sq Mi

$116,647

Median Household Income

$57,857

Median Earnings

$2,276

Median Rent

$872,000

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mobile home & rv parks located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mobile home & RV park - Move-in ready manufactured home with newer roof and a newly updated, spacious kitchen in a quiet 55+ community.

Where is this mobile home & rv park located?

The property is located at 66-15474 Celtic St Mission Hills, CA.

What is the asking price?

The asking price for this property is $345,000.

What are key features of this property?

This property features: Move‑in ready manufactured home in a quiet 55+ community; Newly updated, spacious kitchen; Newer roof for added peace of mind